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Abstract

This paper examines recent convergency issues in economic on growth. Taking the recent works by M-R-W and Islam as its starting point this paper analyzes how these results change with the adoption of the panel data approach. The regression equation used in the study of convergence is reformulated into a dynamic panel model with individual country effects and is estimated by the panel data procedures. It hardly seems to say that there exists a reasonable evidence of a rapid convergence considering the time period required for the convergence

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